Chicago Developer Sells Once-Distressed Cboe Building for Profit

A joint venture between two Chicago developers sold the former headquarters of Cboe Global Markets Inc. for a $28 million profit just over a year after purchasing it at a massive discount.

The Prime Group and Capri Investment Group venture sold the property at 400 South LaSalle to Legacy Investing, a Virginia-based company that specializes in data centers. The building, which was purchased for just $12 million last year, changed hands at $40 million, according to Michael Reschke, Prime’s chief executive officer.